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5 Year Fixed Rate Bond Issue 232

4.60% gross pa/AER fixed
(Annual Interest)

Ready to apply?

This account may be right for you if:

  • you want a fixed rate of interest that's guaranteed for the fixed term
  • you have a lump sum of at least £500 to deposit and you don't want to continue to pay in after 13/12/2023
  • you don’t need access to your savings during the fixed term

Unless you tell us otherwise, when the fixed term ends this product transfers into a 1 year bond with a fixed rate of interest.

Summary Box

Account name 5 Year Fixed Rate Bond Issue 232
What is the interest rate?
Annual Interest 4.60% gross pa/AER
Interest is earned daily and paid on the anniversary of account opening.
Monthly Interest: 4.51% gross/4.60% AER
Interest is earned daily and each month's interest is paid on the same date your account was opened or the last day of the month if shorter.
Can Skipton Building Society change the interest rate? The interest rate is fixed for the term of this account.
What would the estimated balance be at the end of the fixed term based on a £1,000 deposit? The estimated balance at the end of the fixed term would be £1,252 based on the following assumptions:
  • £1,000 is paid in when the account is opened and interest starts being earned straight away
  • No further deposits or any withdrawals are made
  • The interest is paid annually and on maturity and added to the account
Estimated balances are for illustrative purposes only and may be less for accounts opened by debit card or cheque.
How do I open and manage my account?
  • This account is open to UK residents aged 16 or over and can be opened and managed online, in branch, by phone or by post.
  • You can pay into this account until 13/12/2023. After this, your account will be closed to further deposits. If we don't receive your first payment in before this date, the account will not be open.
  • For each means of managing your account you wish to use, you will be required to set up appropriate security and access measures.
  • To open and operate this account a valid email address must be provided.
  • You can save from £500 up to £1 million per account.
  • Joint accounts can only be opened through Skipton Online and not in the Skipton app.
Can I withdraw money?
  • No, you can't withdraw money until the end of the fixed term, which is also known as 'maturity'.
  • At maturity your account will automatically transfer into a new 1 year bond with a fixed rate of interest, unless you tell us otherwise, and you'll have 21 days to change your mind.
  • We'll contact you before maturity and you can find out more about the maturity process in condition 8 of the further terms and conditions.
Additional information
  • AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year.
  • We pay all savings interest gross, which means no tax is deducted. It's your responsibility to pay any tax due, based on your individual circumstances. Tax rules may change in the future.
  • Accounts can be withdrawn from sale at any time and without notice.

Before you apply

It is important that you read the terms and conditions documents carefully. These contain the details of your agreement with us for these accounts and we will rely on them for our relationship with you.

We’ll set up your Skipton Online access as part of your secure online application, if you haven’t already registered.

Ready to apply?

4.60% gross pa/AER fixed
(Annual Interest)

Apply online (Annual Interest)

4.51% gross/ 4.60% AER fixed
(Monthly Interest)

Apply online (Monthly Interest)

Other ways to apply

You need to have an active email address to open this account. If you don't have one, speak to us over the phone or in branch to find an account that's right for you.

Branch

If you'd like to open your account in branch, please contact your local branch to arrange an appointment. Branch finder.

Phone

You can apply for this account over the phone. Call us on 0345 608 0783 or arrange a call back.

Post

Return your application form and cheque to:

Customer Delivery
Skipton Building Society
Principal Office
The Bailey
Skipton
North Yorkshire
BD23 1DN

General investment account application form [PDF]

Proving your identity

We may require identification to open the account. If you're 18 or over and on the electoral roll for your current address we may be able to verify your identification electronically, to do this please call us on 0345 608 0783 and we'll let you know straight away if you've passed our checks.

If we can't verify your identity electronically, or if you're under 18, you'll need to provide us with proof of ID as set out in our Proving your identity document [PDF].

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We always listen to you

If you are not satisfied with our services we have an internal complaints procedure. For more information please call us on 0345 608 0783, ask in branch or visit our Complaints page.

The Financial Ombudsman Service provides a free and independent service for consumers, and can be contacted at The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Telephone: 0800 023 4567.

www.financial-ombudsman.org.uk

You're protected up to £85,000

Your eligible deposits with Skipton Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme.

Learn more about the FSCS

FSCS - Protecting Your Money

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To help maintain service and quality, some telephone calls may be recorded and monitored.

Site intended for UK residents only. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice.
Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN.

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